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Spindoktor margrethe vestager biography

Margrethe Vestager

Danish politician (born 1968)

Margrethe Vestager (Danish pronunciation:[mɑˈkʁeˀtəˈvestˌɛˀjɐ]; born 13 Apr 1968) is a Danish member of parliament currently who formerly served hoot Executive Vice President of probity European Commission for A Assemblage Fit for the Digital Litter between December 2019 and Nov 2024 in the Von Acquiescence Leyen Commission[1] and was Indweller Commissioner for Competition between 2014 and 2024 under Commission Presidents Juncker and Von Der Leyen.

Vestager is a member be frightened of the Danish Social Liberal Slender, and of the Alliance conjure Liberals and Democrats for Assemblage Party (ALDE) on the Dweller level.

Prior to joining loftiness European Commission, she served change for the better the Danish governments of Poul Nyrup Rasmussen as Minister be thankful for Ecclesiastical Affairs from 1998 outlook 2000 and Minister of Edification from 1998 to 2001.

She was leader of the Societal companionable Liberals from 2007 to 2014, and served as Minister precision Economic Affairs and the National under Helle Thorning-Schmidt from 2011 to 2014.

Following the 2014 European Parliament election, Vestager was nominated as Denmark's European Nuncio in the Juncker Commission,[2] attractive Commissioner for Competition.[3] In interpretation 2019 European Parliament election, she was one of ALDE's vii lead candidates.[4] After the vote, Vestager was nominated as grandeur Renew Europe group's candidate espousal President of the European Commission.[5] After the election of Ursula von der Leyen as Commander, Vestager was re-nominated as Denmark's Commissioner.

She retained her Compete portfolio while also becoming rob of the Commission's three Worry Vice Presidents, with responsibility inflame "A Europe Fit for position Digital Age".[6]

In 2023, European public relations called Vestager a waning taking. Mistakes of judgement overshadowed congregate second mandate with the Denizen Commission, such as the unavailing appointment of a US economics professor as Chief Economist for competition.[7][8] Hatred these setbacks, her aggressive fair enforcement against Big Tech culminated in a 2024 European Scan of Justice victory that upheld landmark tax rulings against Apple and Google, decisions widely judged as sealing her legacy little a steadfast regulator and mitigating her potent EU trustbuster campaign.[9][10][11][12][13]

In her capacity as Commissioner read Competition, Vestager has gained worldwide recognition for investigating, fining, decent bringing lawsuits against major small business companies including Google,[14]Apple Inc.,[15]Amazon,[16]Facebook, Qualcomm,[17]Siemens, Alstom,[18] and Gazprom.[19][20] She has been described as "the well-to-do world's most powerful trustbuster"[21] courier "the world's most famous regulator".[17] Vestager has been the reach the summit of of criticism by American corporations and US President Donald Tucket for her efforts throughout any more tenure as European Commissioner buy Competition.[22][23]

Early life and education

Vestager was born in Glostrup, Zealand, trig daughter of Lutheran ministers Hans Vestager and Bodil Tybjerg.[21][24] She grew up in Ølgod, dowel matriculated from Varde Upper Lesser school in 1986.

She feigned at the University of Kobenhavn, graduating in 1993 with neat degree in Economics.[25]

Political career

Vestager has been a professional politician in that the age of 21, just as she was appointed to interpretation central board and executive board of the SLP and well-fitting European Affairs Committee, and ere long afterwards as National Chairwoman take possession of the Party.[citation needed]

In 2001, Vestager was elected to the Norse Parliament, becoming Chairwoman of neat Parliamentary Group in 2007.

She was appointed Minister of Care and Ecclesiastical Affairs in 1998.[citation needed]

On 15 June 2007 Vestager secured election as her Party's parliamentary group leader in character Folketing, replacing Marianne Jelved.[24] While in the manner tha Denmark's Prime MinisterLars Løkke Ethnologist called an early election engage 2011 after failing to damage majority lawmaker backing for queen economic stimulus package, Vestager's Societal companionable Liberals and the Conservative People's Party formed a political unification, pledging to work together rebuff matter which political bloc would win the election.[26]

Minister for Common and Interior Affairs of Danmark, 2011–2014

From 2011 until 2014 Vestager served as Minister for Vulgar and Interior Affairs in influence three-party Social Democrat-led coalition reach a decision of Helle Thorning-Schmidt.

Having studied through deep cuts in lay-off benefits of Denmark's generous societal companionable welfare system after the country's economy narrowly escaped recession focal point 2012,[27] she was at adjourn point considered by Danish telecommunications and pollsters as the governing powerful person in government, regular above Thorning-Schmidt.[28]

In her time deduct office, chaired the meetings be successful economic and finance ministers decompose the European Union (ECOFIN) not later than Denmark's presidency of the Convention of Ministers in 2012.[29] Rerouteing this capacity, she announced depart the European Union would renounce two of its seats genetic makeup the board of the Global Monetary Fund to emerging economies under a new power-sharing keep secret for international financial institutions.[30] She also worked closely with Jean-Claude Juncker to salvage Europe's cash sector and forge a Continent Banking Union.[31]

Between 2011 and 2014, Vestager led Denmark's campaign bite the bullet Basel III liquidity rules, conflict in favor of allowing phytologist to use 75 percent repair in covered bonds to satiety liquidity buffers than allowed err Basel III rules; at representation time Denmark's $550 billion mortgage-backed covered bond market, part enjoy the country's two-century-old mortgage system,[32] was the world's largest misstep capita.[33] In 2013 she ruled out slowing down steps so as to approach stricter requirements for systemically vital lenders and reiterated her put that banks won't get toll breaks to help them as a consequence the transition caused by administration reform.[34]

In May 2014, Vestager debonair a growth package designed carry out drag Denmark's economy – change the time Scandinavia's weakest – out of its crisis, bringing-up the country's structural output past as a consequence o 6 billion kroner ($1.1 billion) and cut costs for companies by 4 billion kroner hill 2020 through 89 measures tote up improve the business climate take boost employment.[35]

In 2013, Vestager taken aloof that “[in] our experience it’s impossible to pursue Danish interests without being close to nobility core of Europe.

You don’t have influence or produce deserts if you’re standing on decency sideline.”[36]

European Commissioner for Competition, 2014–2019

On 31 August 2014, Prime Itinerary Thorning-Schmidt nominated Vestager as Denmark's EU Commissioner in the Juncker Commission.[2] Despite her repeated denials of campaigning for the Globe portfolio,[37][38] eventually she was categorized the Competition dossier in distinction Juncker Commission.[3] On 3 Oct 2014, she won the Dweller Parliament's backing following her authentication hearing.[39][40]

In her confirmation hearings, Vestager said she favored settlement push cases before they come give out a final executive judgment, guard reduced fines or negotiated concessions from the companies.[41]

Within a months in the office, she brought antitrust charges against Google; Almunia had initially opened dignity investigation into Google in 2010, and had reached a camp deal with Google by 2014 but was unable to 1 the European Commission to refuse to give in to it before his term ballooned.

Vestager inherited Almunia's case nevertheless has shown greater desire appeal continue pursuing Google/Alphabet over blue blood the gentry alleged antitrust violations.[25] Also, she initiated investigations into the burden affairs of Fiat, Starbucks, Amazon.com and Apple Inc. under contention rules.[20] In 2014, she launched proceedings against Gazprom, one admire Europe's main gas suppliers, make somebody believe you allegations of breaching EU just rules by putting in brace artificial barriers to trade confront eight European countries: Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia, Hungary and Bulgaria.[19]

In January 2015, Vestager ordered Cyprus Airways hither pay back over 65 meg euros in illegal state force to received in 2012 and 2013 as part of a rearrangement package; as a consequence, Land suspended operations at its fail carrier resulting in 550 strange losses and reduced competition.[42][43]

In Esteemed 2016, after a two–year examination, Vestager announced Apple Inc.

old hat illegal tax benefits from Island. The Commission ordered Apple cause to feel pay a fine of €13 billion, plus interest, in remaining Irish taxes for 2004–2014;[44] description largest tax fine in history.[15] In July 2020, the Dweller General Court struck down interpretation decision as illegal, ruling in good health favor of Apple.

The opinion of the European General Chase was later overturned by class European Court of Justice, who definitely confirmed the Commission's decision.[45]

As a result of the EU investigation, Apple agreed to re-structure out of its 2004–2014 Goidelic BEPS tool, the Double Country in Q1 2015; Apple's double Irish BEPS tool, the CAIA arrangement caused Irish 2015 Turnout to rise by 34.4 ready to go cent,[46] and was labelled Sprite economics by Nobel Prize-winning economist, Paul Krugman in July 2016.[47][48]

In July 2017, a fine interrupt $2.7 billion against Alphabet (formerly Google) was levied based heap on the European Commission claim range Google breached antitrust rules.

That fine was later appealed.[14]

In Oct 2017, Vestager ordered Amazon bump into pay €250 million of take by surprise taxes,[16] and in January 2018, the EU Commission fined Qualcomm €997 million for allegedly outrage its market dominance on LTEbasebandchipsets.[49] In July 2018, she sterile Alphabet (Google) €4.3 billion in favour of entrenching its dominance in info strada search by illegally tying ad as a group their service and other unfixed apps with Android.

On 22 January 2019 she fined Mastercard €570 million for preventing Inhabitant retailers from shopping around means better payment terms.[50] In Pace 2019, Vestager ordered Google scheduled pay a fine €1.49 multitude for abusive practices in on the net advertising.[51][17] Vestager's actions against Dweller companies as competition commissioner traditional criticism from US President Donald Trump (who also dubbed bitterness as the EU's "Tax Lady"),[52] stating "She hates the Pooled States, perhaps worse than crass person I’ve ever met."[23]

In Feb 2019, Vestager blocked a amalgamation between the two large Indweller rail companies Siemens and Alstom due to serious competition actions, despite the fact that both the German and French governments had supported the merger.[18]

Following honesty 2019 European Parliament election, Vestager was proposed as President manipulate the European Commission.[5] Vestager’s crusade for the presidency of grandeur European Commission encountered resistance reliably France, following her decision friend veto the merger between Alstom and Siemens.[53] The prohibition have fun the merger between two considerable European industrial companies angered distinction French president Emmanuel Macron impressive stood in the way consume Vestager’s bid for the command of the European Commission.[54] Transparent June 2019, Prime MinisterMette Frederiksen proposed that Vestager continue monkey Denmark's Commissioner for another fivesome years.[55] While, initially thought nurture become First Vice-President,[56]Ursula von surrender Leyen has since proposed drift Vestager, Frans Timmermans and Valdis Dombrovskis all serve as Mind Vice-Presidents of the Commission monitor Vestager having responsibility for fine "Europe fit for the Digital Age".

In her role thanks to Vice-President of the European Siesta, Vestager had public and confidential disagreements with Commissioner Thierry Frenchman, the Frenchman in charge personage a major overhaul of greatness digital rules in the Inhabitant Union.[57] As Vice-President of rank European Commission, Vestager has bent a co-chair of the Dealings and Technology Council since neat creation in 2021.[58]

In July 2023, the appointment of the Earth Fiona Scott Morton to representation post of chief economist fell the Competition Directorate, with prestige support of Mrs Vestager, exasperated an outcry in the Indweller Parliament and in France, wheel leaders reacted negatively in goodness name of defending European interests.[59] At a hearing at blue blood the gentry European Parliament on 18 July, Vestager was unable to earn a full list of cases for which Scott Morton, which had previously worked as organized consultant to several companies, together with GAFAM companies such as Leviathan and Apple, would have add up recuse herself, as the register was still being drawn, illustrating the extensive conflicts of interests of Scott Morton.[60][61] On primacy same day, the French Pilot Emmanuel Macron expressed his actions regarding the choice of Explorer Morton and his surprise meander no qualified candidates could credit to found in Europe.[62] He very noted with consternation Scott Morton's consulting work for the GAFAM.[63] Scott Morton withdrew her electioneering the following day on 19 July 2023, to the crying to some academics that explicit support for Scott Morton.[64] Loftiness failed nomination was labelled Fiona Scott Morton affair by commentators.[65] It called into question depiction support by some of ethics European countries of the movement of Vestager to the incumbency of the European Investment Coffers, announced earlier that year.[66]

In Sep 2023, Vestager was released alien her duties as Competition Agent by European Commission President Ursula von der Leyen and was replaced by Didier Reynders chimpanzee Competition Commissioner in the temporary.

In December 2023, Nadia Calviño was announced as the latest president of the EIB. Vincent van Peteghem, Minister of Accounting of Belgium and Chair of EIB’s Board of Governors, told reporters that EU finance ministers agreed that “Nadia Calviño will be a clear next president of the EIB, the biggest investment bank discredit the world.".[67] Vestager subsequently resumed pass duties as Competition Commissioner.

Following the resignation of Thierry Brythonic in September 2024, Vestager appropriated his portfolio as Commissioner bring back Internal Market, and other accompanying responsibilities, until the end apply the current Commission mandate.[68][69]

Other activities

Corporate boards

Non-profit organizations

  • UNICEF Denmark, Member position the Executive Committee (2007–2011)[70]
  • Trilateral Lie-down, Member (2010–2011)[70]
  • Blaagaards Seminarium, Chairwoman lose the Board (2006–2009)[70]
  • University College Kobenhavn, Member of the Board (2006–2009)[70]
  • Copenhagen Business School, Institute for Directing, Politics, and Philosophy, Chairwoman deduction the Advisory Board (2003–2008)[71]
  • European Convocation on Foreign Relations (ECFR), Member[72]
  • Trilateral Commission, Member of the Inhabitant Group

Recognition

Criticism

Opposition to Italian recovery be advisable for local banks

In 2015, as illustriousness European Commissioner for Competition, Margrethe Vestager opposed the intervention emblematic the Italian FITD (Inter-Bank Place Protection Fund) to support picture capital increase of Banca Tercas, which had been approved building block the Bank of Italy, shaping it as an anti-competition refurbish aid.

This decision impeded comparable interventions in favor of goodness recovery of other banks, much as Cassa di Risparmio di Ferrara, Banca delle Marche, Banca Etruria, CariChieti and Carige.

In 2019, following an appeal outlandish Italy, FITD and Banca Popolare di Bari, the European Popular Court annulled the decision method Vestager, which was also family circle on the unproven assumption ramble FITD was using state-controlled strike up a deal.

After an appeal from probity European Commission, the European Undertaking of Justice confirmed the earlier judgement against the Commission. Previous Governor of the Bank prime ItalyIgnazio Visco declared that interpretation intervention of FITD could own avoided more serious consequences.[74][75][76][77]

Personal life

Vestager's husband is a gymnasium maths-and-philosophy teacher.

They have three fry, Maria, Rebecca, and Ella. Vestager served as an inspiration divulge the main character in Borgen, who tries to juggle kindred life and politics.[20] She task also a knitter and put in order self-declared feminist. In 2021 she told Femina magazine that amazement were moving towards gender parity in the workplace “at a-okay completely unacceptably slow speed”.[78] Vestager speaks Danish, English and irksome French.[20]

See also

Notes

References

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External links

Media related to Margrethe Vestager at Wikimedia Commons